Business Unusual, the economy in a Covid world. A focus on housing.
Business Unusual, the economy in a Covid world. A focus on housing.
Record low rates supported by copious amounts of Quantitative Easing (QE). And negative rates are a risk.
Financial markets, globally, have been pacified by copious amounts of QE. And fiscal policy has joined the fray. Few do it better than NZ.
Extraordinary measures are designed to boost asset values, including equities. But the risks remain heavily titled to the downside.
We lower our interest rate forecasts and tweak our currency call. We expect the RBNZ to eventually double their QE program. And term lending to banks is the next (best) policy off the shelf.
Jarrod will discuss the short to medium term impact of the global pandemic, and the opportunities that have arisen.